Allegro
Development Corporation, a leading provider of energy trading and
risk management (ETRM) software, announced today that Elektro Energija
selected the Allegro 8 platform to manage its power trading operations.
Elektro Energija required a fully integrated system to support the
company’s growth plan by streamlining and automating business processes,
including deal capture, confirmations, scheduling, settlement,
accounting, position and risk management.

Elektro Energija is the biggest state-owned Slovenian utility, managing
a portfolio of almost 300,000 consumers. Elektro Energija’s wholesale
business unit trades electricity in Slovenia, Austria, Germany and some
South Eastern Europe countries. Their business of regional power trading
requires cross-border movements, including communication with various
TSOs and Market Operators.

“Our main objective was to find a system that would support our future
development in wholesale trading, automate our business processes, and
improve position management and decision making,” said Elektro
Energija´s general director, Gregor Božič, MSc. “Allegro 8 offers the
strong functional support for position and risk management and enables a
firm basis for effective cross-border power trading and efficient
communication with national TSOs.”

Elektro Energija has completed the first of three phases of the software
implementation and is currently leveraging Allegro’s solution to manage
trade entry (tradebook), general agreement management, confirmation
creation, price entry and portfolio management & risk management.

Allegro will help Elektro Energija meet their business goals, including:

Ability to quickly and accurately capture power trades and to manage
those trades including complex pricing, confirmations, settlement and
invoicing;

Security and access controls with the ability to set position limits,
create role-based user profiling and maintain audit trails; and

Extensibility to support integration and future software projects.

About Allegro

Allegro is a global leader in energy trading & risk management solutions
for power and gas utilities, refiners, producers, traders, and commodity
consumers. With more than 28 years of deep industry expertise, Allegro’s
enterprise platform drives profitability and efficiency across front,
middle, and back offices, while managing the complex logistics
associated with physical commodities. Allegro provides customers with
agile solutions to manage risk across natural gas, power, coal, crude
oil, petroleum products, emissions, and other commodity markets,
allowing decision makers to hedge and execute with confidence.
Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston,
London, Singapore, Sydney and Zurich, along with a global network of
partners. www.allegrodev.com

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